KeyCorp $KEY Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in shares of KeyCorp (NYSE:KEY) by 4.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 443,414 shares of the financial services provider’s stock after selling 21,399 shares during the quarter. Hantz Financial Services Inc.’s holdings in KeyCorp were worth $7,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB increased its position in shares of KeyCorp by 23.2% during the second quarter. Nordea Investment Management AB now owns 107,565 shares of the financial services provider’s stock valued at $1,867,000 after acquiring an additional 20,228 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in KeyCorp in the 1st quarter valued at approximately $2,171,000. Signal Advisors Wealth LLC acquired a new stake in KeyCorp in the 2nd quarter valued at approximately $431,000. Gradient Investments LLC acquired a new stake in KeyCorp in the 2nd quarter valued at approximately $1,973,000. Finally, AQR Capital Management LLC increased its holdings in KeyCorp by 5.1% in the 1st quarter. AQR Capital Management LLC now owns 417,667 shares of the financial services provider’s stock valued at $6,495,000 after purchasing an additional 20,429 shares during the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

KeyCorp Trading Up 0.6%

KEY opened at $17.50 on Friday. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04. The stock has a market capitalization of $19.19 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day moving average price of $18.46 and a 200 day moving average price of $17.31.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. KeyCorp had a return on equity of 10.14% and a net margin of 10.08%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted ($0.47) earnings per share. The business’s revenue for the quarter was up 172.7% on a year-over-year basis. Sell-side analysts expect that KeyCorp will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other KeyCorp news, insider Andrew J. Paine III sold 44,953 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total transaction of $867,143.37. Following the completion of the transaction, the insider owned 245,044 shares in the company, valued at $4,726,898.76. The trade was a 15.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on KeyCorp from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KeyCorp in a research note on Wednesday, October 8th. DA Davidson dropped their target price on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Jefferies Financial Group dropped their target price on KeyCorp from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, October 17th. Finally, TD Cowen lifted their target price on KeyCorp from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, October 3rd. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, KeyCorp currently has a consensus rating of “Hold” and a consensus price target of $20.75.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.